Wacker Chemie AG has announced that it will exit the solar wafer business and transfer its shares in its joint venture, WACKER SCHOTT Solar GmbH (WSS), to its former partner, SCHOTT Solar AG.
The company says the reason for this move is WACKER's decision to focus its solar activities exclusively on its core competency: the production of hyperpure polycrystalline silicon. SCHOTT Solar, on the other hand, concentrates on the downstream side of the photovoltaic value chain – the manufacturing of solar cells and modules.
‘Focusing on hyperpure polysilicon production provides an excellent base for our long-term competitiveness and profitability,’ says WACKER Group CEO Rudolf Staudigl. ‘In this field, we can play out our technology leadership and our strong market position with maximum impact.’
SOURCE: Wacker Chemie AG
